Top Ethereum Whales Hoard 534 Billion SHIB, Meme Token Spikes 3%
The world’s second-largest meme coin is still selling at a level that is 87% lower than its all-time high.
SHIB’s 24-hour trading volume has seen a 14.2% decrease, bringing it down to $323 million, while over 30 million SHIB has been burned.
As the price of the meme currency SHIB slightly increases, the largest Ethereum (ETH) whales in the world continue to put optimistic bets on the SHIB market, reported WhaleStats. At the time of this writing, one SHIB is worth $0.00001096 thanks to a growth of 3.2% over the course of the last twenty-four hours, according to data from markets aggregator CoinMarketCap.
However, the world’s second-largest memecoin is still selling at a level that is 87% lower than its all-time high (ATH), which was $0.000088. SHIB’s 24-hour trading volume has seen a decrease of 14.2%, bringing it down to $323 million.
After such a significant accumulation of the top ETH Whales, Shiba Inu found its way into the list of the top 10 acquired assets among the 100 biggest ETH Whales in the previous 24 hours. This was accomplished as a result of the huge accumulation described above.
In addition to this, the SHIB Army is aggressively burning the meme coin. Over 30 million SHIB tokens have been destroyed in the last 24 hours, according to the statistics provided by Shibburn.
Due to recent price fluctuations providing more neutral signs for traders on the cryptocurrency in the near future, the short-term technical score for Shiba Inu has been deemed to have an average value. This score is the result of trading activity over the previous 30 days.